Northwestern Mutual Wins Round In Contract Dispute
|By Bruce Vielmetti, Milwaukee Journal Sentinel|
|McClatchy-Tribune Information Services|
Last year, Racine County Circuit Reserve Judge
The judge refused Northwestern Mutual's demand to vacate his ruling and get off the case, and the state
Emboldened, the plaintiffs moved to amend their action to a broader class of annuity holders outside
Northwestern Mutual again appealed, and late Wednesday the
In a nine-page ruling written by Chief Judge
"This is a contract case, not a corporate-governance case," Easterbrook wrote. "And multiple states' law applies to these contracts."
The court clearly said Adelman must determine whether to certify a national class action and decide the case on the merits, specifically noting he can come to a different conclusion than that of Flynn.
And if Northwestern Mutual doesn't like Adelman's decision, the 7th Circuit could disagree again.
"We will be as free to review
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